Ethereum whales completely sell $ETH after holding for 3 years, yielding huge profits

Total profit for the whales is $130 million

The buying and selling process is as follows:

In September 2022, the whale withdrew 120,874 ETH from the Kraken exchange to hold, at that time ETH was priced at $1,645/ETH → Total value approximately $199 million.

From May 2024 to now, they have split this amount of ETH and sold it 6 times on Kraken, with an average selling price of $2,732/ETH.

Recently, they sold the last 30,874 $ETH, worth approximately $77.7 million, completing the profit-taking process.